Placidie is 39. She is a mother of one child aged 5 who goes to school. She sells sorghum and has been in the business for the past 10 years. She wants the loan to buy more sorghum for resale. The profits from the business will be used to pay school fees for her child.
About Urwego Opportunity Bank of Rwanda (UOB)
Urwego is a Rwandan bank specializing in microfinance. It offers credit products to individuals and groups interested in starting or expanding their businesses. It also offers training in business development, financial literacy and health management. Given that approximately 90% of the Rwandan population is directly or indirectly related to the agricultural sector, Kiva lenders’ funds will be used to support UOB’s agricultural loan products, which are vital to the clients living in remote areas.